Flipkart hires Tata Communication's Sanjiv Saddy to manage corporate affairs
Flipkart, the country's largest e-commerce firm, has appointed former Tata Communication's executive Sanjiv Saddy as senior vice president of corporate affairs and business development.
Saddy will focus on building relationship with various stakeholders, help with policy and administrative issues and also aid in real estate and business development at Flipkart, the company said in a statement.
Prior to Flipkart, Saddy was with Tata Communications as senior vice president and head of business support, regulatory, real estate and corporate affairs. A chartered accountant, he has three decades of work experience. He will report to Flipkart CFO Sanjay Baweja.
"Sanjiv's keen sense of judgment in dealing with a myriad of complex situations, and his finance and legal expertise will definitely help in enhancing the effectiveness of the Flipkart business teams," said Baweja.The development was first reported by The Economic Times.
Flipkart has appointed a number from executives at senior levels over the past few months. In November, it hired former Twitter executive Tarun Jain as the head of products for its advertising group. Also last month, it had appointed MakeMyTrip's chief technology officer Sharat Singh as vice president of engineering.
Flipkart has also seen a number of senior-level exits recently. Chief people officer Mekin Maheshwari moved to an advisory role while Ravi Vora, who was CEO of Flipkart's Strategic Brands Group, exited the company in September. In August, the CEOs of Appiterate and AdIQuity, startups acquired by Flipkart earlier this year, moved on from the company.
India's biggest e-commerce firm recorded a net loss of Rs 1,932.92 crore for 2014-15 compared with Rs 726.23 crore the year before, according to data pulled out from filings made by Singapore-registered Flipkart Pvt Ltd to the Registrar of Companies.